Boykin Management Company Reports A First QuarterRevPar Increase of 7.2 Percent

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Charlotte,
NC, May 15, 2008 - Boykin Management Company reported a 7.2 percent RevPar
increase for the first quarter of 2008. The increase was driven by significant
rate growth and expected occupancy growth in all hotel markets.

Michael Morton, Senior Vice President of Operations said "....despite
the costs of fuel and the pressure on some markets, we are pleased that
our strategies are working in this challenging environment. The advent
of an early Easter had some impact on the Florida resorts, however aggressive
group pacing offset the anticipated decline."

About the Company:Founded in 1958, Boykin Management Company operates branded and independent
first class and upscale hotels, condominium hotels, and resorts throughout
the United States. Boykin has built a leadership reputation in the hotel
industry with a solid foundation of experience in hotel operation, management,
and development. Boykin is nationally recognized for its expertise in providing
superior services to institutional, high net worth, private equity funds,
developers and other hotel ownership groups. For more information about
Boykin Management Company, please visit www.boykin.com.
Boykin Management Company contact: Kevin Hyland at (704) 896-2880.